Technology

Insight / Godfrey-Billy: artificial intelligence will set accountants free

With artificial intelligence (AI) and automation threatening to change the face of the accounting profession, Kirsty Godfrey-Billy, chief accounting officer at Xero, asks how technology will reduce repetitive tasks and improve controls

Audit / Artificial intelligence and machine learning in mid-tier firms - part 2

Rob Munro explores the challenge to mid-tier firms posed by artificial intelligence, machine learning and blockchain as theses smaller firms struggle to compete with the Big Four who have the financial backing to invest heavily in these developing technologies

Accounting / Charity Commission moves to online real time updates

The Charity Commission is developing its current service to allow charities to update information such as details of trustees in real time using its online service, with the aim of going live later this summer, at the same time as the 2018 annual return

Audit / Blockchain potentially ‘disruptive’ to corporate reporting

Blockchain technology is not going away, and preparers need to consider its potential disruptive impact, but its growth in corporate reporting is likely to be gradual and restricted to certain use-cases, according to a report from the Financial Reporting Council’s (FRC’s) Financial Reporting Lab 

Insight / Dixons Carphone suffers major data breach with payment cards

Dixons Carphone has admitted it is investigating a serious data breach involving unauthorised access to data held by the company, which has included attempts to compromise 5.9m cards in one of the processing systems of Currys PC World and Dixons Travel stores, although it says no fraud has been committed

Insight / FCA investigating TSB’s IT meltdown

The Financial Conduct Authority (FCA) has made public its intention to investigate the TSB jointly with the Prudential Regulation Authority (PRA), over the bank’s failed IT migration project and its lack of openness and transparency about the issues experienced, which saw up to 1.9m people lose online access to their accounts for long periods

Insight / Accountex 2018: exhibitor highlights and what's new

On 23-24 May, Accountex – the UK’s biggest accountancy exhibition – will be held at London ExCeL. Here’s a first look at what’s new from some of the exhibitors for 2018, to help you plan your visit

Insight / 43% of UK businesses report cyber breaches

More than four in 10 UK businesses have suffered a cyber breach or attack in the past 12 months, according to research by the Department for Digital, Culture, Media and Sport (DDCMS), which is urging companies to take action ahead of the introduction of the General Data Protection Regulations (GDPR) next month

Insight / One month to go until GDPR comes into force

Today marks the start of the final month before the General Data Protection Regulation (GDPR) comes into force, with the Association on Accounting technicians (AAT) providing five tips on what businesses should do if they have not taken any action to date

Insight / KPMG expands alliance with AI specialist

KPMG is to expand its global alliance with software development platform provider Appian in a push to create artificial intelligence (AI) services which improve business decision-making and compliance

Insight / UK Finance call to collaborate to cut cyber crime

With warnings of a major online attack imminent, UK Finance, which represents around 300 firms in the finance and banking industry, is calling for greater collaboration to tackle growing cyber threats

Insight / Top tips: how to carry out an HR data audit for GDPR

With the General Data Protection Regulation (GDPR) only a month away, Alastair Brown, chief technological officer at Bright HR, provides tips on how to carry out a HR data audit to identify areas which do not meet the new standards ahead of the deadline

Insight / Grant Thornton to sponsor digital cyber academy

Grant Thornton is to join Deloitte and BAE system in a partnership with UK cyber security start-up Immersive Labs to help further advance the company’s digital cyber academy (DCA) which aims to provide real-life training

Insight / FRC lab seeking AI project participants

The Financial Reporting Council’s (FRC) financial reporting lab is seeking representatives of listed companies, investors/analysts and technology experts to participate in a project looking at the impact of the technology in the production and consumption of corporate reporting

Insight / Gig economy and technology challenge workforce strategy

Companies need better strategies to manage the growing use of ‘non-traditional’ labour, including freelancers, contractors and ‘gig’ employees, while technology is changing the nature of the skills required in all sectors, including accountancy, according to two recent surveys
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